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days paid not including weekend, additional time off , holidays. at france it starts at 25 per good european court of justice added on another to give a workers the right to to a vacation to over or give back. >> for instance it used the for two weeks for your christmas holiday and use brain drain gold and the last eight-- you are laid up that means they automatically go into your sickly youth then you could have the vacation do over to make up for those days that you weren't that sec or hurt. john: if you say i have they cold? they havto give you that back? >> if it is dead doctor's note to to say she got the sniffles so she will need another seven days of paid vacation. john: italy first. if you start a business and keep it small, up that 10 workers you have some flexibility but number 11 1/2 to have the self assessment outlying every possible health and safety hazard? >> yes. we're not just talking about heavy machinery but how you deal with specific stress with your age, gender, a doctor, the overwhelming majority of italian workers work with 10 or fewer employees. john: number
. we don't have thatere. >> i hope we are not on the air in france and germany. you are killing these poor people. >> they are killing themselves. look at their numbers. wa you want toave them. >> they e happy except for millionaire necessary france. >> which is why they are leaving for belgium which is a tax-haven. 75 or 85 percent. ments to work there? last word from steve. a push to ring in the new year with a mileage tax. will it dve your economy off of the cliff? >> and colleges cashing in. they are collecting more application fe and not letting more students in. >> believe it or not, colleges are enticing more kid toz apply to their schools and admittingaewer students in their schools. they do it to make themselves look more exclusive. not only are they doing to to boost the national ranking but it is it a cash grab. and john is okay with this. it is ut arely irvelrant. you must be smart. it is playing and racking. and unless we take over all of the colleges and university. it is not. they are nonprofit upon. it is a typicical bait and switch scam. and what happening. and
are not on the ai in france and germany. you are killing these poor people. >> they are killing themselves. look a their numbers. want you want to have them. >> they are happy except for millionaire necessary france. >> whi is why they are leaving for belgium which is a tax-haven. 75 or 85 percent. ments to work there? last word from steve. a push to ring in the new year with a mileage tax. will it drive your economy off of the cliff? >> and collegesashing in. they are collecting more application fees and not application fees and not letting more students in. [ malennouncer ] it's tt time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you realldon't want to pay more thayou have to. only citi price rewind automatically searches for the lowest price. and if it findone,ou get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. you know how painful heartburn can be. for
're the only country that does it, let's be like france, greece, and spain and not have one and get to the cliff-- >> a quick reminder, by the way, adam of the 16 trillion dollars of debt that currently is on the table for the united states. 6 billion of that debt, neil, has been put o the books under president obama's watch. >> 6 trillion. >> 6 trillion. we're talking about adding on to that. where is he he coming up with the mbers? which economist is he citing and where are the polls-- >> warren buffett said earlier in the week it's not about economics it's about making people feel good. -- let me stop a second. did you say where he does he pull these numbers out . >> seriously, seriously. >> neil: i wanted to make sure i heard you correctly. talk about a pain in the gas. the price is record high this time of year and we're getting new proposals to hike gasoline prices to pay dn the debt. where will it go. the gang from forbes is on that. that's at the top of the hour. forget hang the in-la over for dinner, more families are shacking up together. young, old and everyone in between
and southern europe. france and germany about going into recession. japan is already in recession. why apply the poison here. you don't put it on taxes on the economy and why put poison in the patient. i don't get it. >> i'm not for tax hikes or anything, but if you kick the can voters are never going to be ready to reform or pay for entitlement reform. don't do entitlement reform. it took two years for reagan to do entitlement reform. sell by date is long past due on these measures to fix fiscal problems. the problem is we're in economic era of falling expectations and that has to stop. >> if we kick the can for six months that gets us to midterm elections? >> yeah, but the flip side of the argument you can pass a lot of bad bills. nancy pelosi, let's pass the healthcare bill so we can see what is in it. the big thing that we need to concentrate on is getting back to 3% growth. this 2% growth, all of our fiscal problems are going to get worse. we only have a prayer of supplying more jobs, bringing down unemployment and braying down the deficit if we have 3% or greater. >> if we do it now, w
taxes have done in europe and southern europe. france and germany about going into recession. japan is already in recession. why apply the poison here. you don't put it on taxes on the economy and why put poison in the patient. i don't get it. >> i'm not for tax hikes or anything, but if you kick the can voters are never going to be ready to reform or pay for entitlement reform. don't do entitlement reform. it took two years for reagan to do entitlement reform. sell by date is long past due on these measures to fix fiscal problems. the problem is we're in economic era of falling expectations and that has to stop. >> if we kick the can for six months that gets us to midterm elections? >> yeah, but the flip side of the argument you can pass a lot of bad bills. nancy pelosi, let's pass the healthcare bill so we can see what is in it. the big thing that we need to concentrate on is getting back to 3% growth. this 2% growth, all of our fiscal problems are going to get worse. we only have a prayer of supplying more jobs, bringing down unemployment and braying down the deficit if we have 3
will flee if you tax the rich. and happening in france. he's leaving and headed to the tax haven belgium. for those pagan losers still paying half-- >> and help me out. i don't want a flu shot either. ♪ lso likes to ride her bike. she knows the potential for making or losing money can pop up anytime. that's why she trades with the leader in mobile trading. so she's always ready to take actn, no matter how wily... or weird... or wonderfully the market's behaving... which isn't rocket science. it's just common sense. from td ameritrade. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. so i never missed a beat. that's health in numbers. unitedhealthcare. >> oh, the millionaires tax is costing france one of its finest actors, gerard depardu is leaving france, where taxed at 75% rate and he's moving to belgium and the tax rate there is only 50%. i'm trying not to laugh, charles, go. charles: one report said up to 300,000 people may leave and only impacts up to 30,000, if you're next, drama
, holidays. at france it starts at 25 per good european court of justice added on another to give a workers the right to to a vacation to over or give back. >> for instance it used the for two weeks for your christmas holiday and use brain drain gold and the last eight-- you are laid up that means they automatically go into your sickly youth then you could have the vacation do over to make up for those days that you weren't that sec or hurt. john: if you say i have they cold? they have to give you that back? >> if it is dead doctor's note to to say she got the sniffles so she will need another seven days of paid vacation. john: italy first. if you start a business and keep it small, up that 10 workers you have some flexibility but number 11 1/2 to have the self assessment outlying every possible health and safety hazard? >> yes. we're not just talking about heavy machinery but how you deal with specific stress with your age, gender, a doctor, the overwhelming majority of italian workers work with 10 or fewer employees. john: number 16 employee you have to have you representatives that is en
, they are looking to get out of france because of the tax rate there. the they said only thing france will export in 21 century are millionaires. neil: they all go to belgium, it is obviously for more than just the chocolate. so, where do we stand? the markets have been nearly, if not dismissively going by all this and through all this, assuming i think that a teal would be had -- a deal would be had. tomorrow it looks like a deal will not be had, the they -- mas have turned sharply lower, 74 down in the futures. i am wondering, if that is a signal they could worry this is not a fore gone conclusion, we could go into the new year with no deal. >> i'm thinking, increasingly, that sequestration and going into the new year without a deal is the best possible thing for the u.s., it is the only way you will see spending decreases. you will get revenue increase on top. but hopefully, they will be in better balance, and president and administration are promoting today. neil: knowing you were coming on, craig, i was reminded by fedex, in its warning yesterday. normally when we see international companies
to france? stay tuned for this dvd. and david french accent coming up next. that whopper, but of course. [ woman ] ring. ring. progresso. your soups are so awesomely delicious my husband and i can't stop eating 'em! what's...that... on your head? can curlers! tomato basil, potato with bacon... we've got a lot of empty cans. [ male announcer ] progresso. you gotta taste this soup. lori: how about a quick speed read of the other headlines, five stories, one minute, that is how it goes. u.s. immigration and customs enforcement auditing more countries than ever for illegal immigrants on the payroll. increasing from 250 in 2007, more than 3000 in 2012. projections showing movie attendance will end the year 5.6% after seeing two straight years of declines. not everybody is expected to be a winner with 3d attendance at family films posting a decline. "the hobbit" taking home 36.7 million over the weekend beating out the others. bringing in a total of $434 million in global ticket sales. according to the "wall street journal" some online retailers changed the strategy toward a consumer base on
to an absolute tax revolution in a country like france, doesn't it? >> well, i think it's a big departure from french people, and overall population for sure. and a real tax revolt would be for them to kick, you know, the people who govern them and have been for all of these years out of power and actually truly market oriented. stuart: are you french? >> yes. you're speaking in terms of free markets in france. >> yeah, imagine that. stuart: wait a second, prime minister hollande, the prime minister for six months or something like that, the guy who instituted the 70% tax. >> he campaigned on it. stuart: and people voted him in. >> the irony, the 75% tax rate is called a patriot, you know-- which made me laugh because the french are everything, but patriotic. stuart: and you've got people like depardu leaving and people are saying he's a hero for leaving, and not paying the patriotic tax, that's a repudiation of the tax and repudiation of the socialists? >> it could be. remember, like he's not the first one to leave. so first left-- before that. >> and he went back after years and moved his--
the high taxes? in france, well move to belgium. french actor gerard d pechlt l pardieu says is doing that. he will welcome anyone from france who thinks taxes are way too enter us -- onerous who wants to follow in the actor's shoes to escape the high taxes the foreign minister says it is france's own fault if its citizens are leaving and they should accept the consequences, i agree. time to go off the desk. shaquille o'neal launching his own line of vodka. according to the "new york post" it will be called love shaq. luvshaq. our crew is giving it thumbs down. it might taste well. it will hit it next year. cocoa nut flavored vodka is sugar and gluten free it will have the nba star with giant wings. let's hope move into vodka successful than the rap career. liz: pitbull has its own vodka. i would rather that have. there is carmel vodka and cookly flavored vodka. not a vodka drinker. would you do that? david: i like good potato russian vodka. put it in the freezer. good stuff. liz: we'll see what melissa francis likes. she is next with "money"
considered for an ambassadorship to either england or france. you can bet i have something to say. and i really do. california tax pain could be arizona's gain. we talked to a mayor who's trying to lure businesses away from the formerly golden state. a reporter with the sporting news doesn't like tattoos. and says most quarterbacks do not have them. now, he's being labeled racist because of those remarks. we'll talk to him next hour. yeah, he's here. remember, we want to hear from you, send you e-mails varney@foxbusiness.com and please comment on tattoos. i personally hate them. now, seven early movers-- somebody is olling their eyes off camera. and pep boys post a loss on weak sales and down it goes. the drug maker jereon, says it has stopped developing its treatment for brain cancers and cut the work force by 40%, there it goes. and dividends for the next three quarters and all of them early, the stock is now up. and profit rises at the home builder, toll brothers and the company said new orders rose sharply. up goes the stock. and tellabs, another special cash dividend. up it goes. t
. and not only taxes on millionaires is driving him out of france, there's a capital gains tax coming into france and none of which he'll face in his new home country, belgium. the prime minister is calling depardu, who left france along with others, he says he's a greedy guy. leaving france to become richer, how dare they, depardu. and new at ten demonstrators in michigan should take note. earlier this year, indiana approved right to work laws. what secretary is the result? i'll tell you, more jobs. at the top of the hour how many more jobs that state will already have added. it's the time when i tell you that time is money and so in 30 seconds, here is what else we've got for you. just how many people are offended when someone wishes them a merry christmas, i'm going to find out. i'll say that to the head of the american atheists, chrysler workers caught on camera drinking and smoking pot get their jobs back. we'll talk to the reporter who broke the story two years ago. how many gun stores are there in america? how many grocery stores are there? the comparative numbers my surprise you. we've go
of people mows and gimmicks. -- promos. lori: anything to make a buck these days. rich people in france and britain are saying bye to higher tax rates. are americans next? maybe not. tracy byrnes next on fox business. want to y to crack it? yeah, that's the way to do it! now we need a little bit more... [ male announcer ] at humana, we understand the value of quality time and personal attention. which is why we are proud to partner with health care professionals who understanthe difference that quality time with our members can make... that's a very nice cake! ohh! [ giggles ] male announcer ] humana thanks the physicians, nurses, hospitals, pharmacists and other health professionals who helped us achieve the highest average star rating among national medicare companies... and become the first and only national medicare advantage cocompany to achieve a 5-star rating for a medicare plan... your efforts result in the quality of care and service we're able to provide... which means better health outcomes... and more quality time to share with the ones who matter most. i love you, grandma!
'm thinking of frog legs now. i'm in france. entitlement society, that is. neil: kidding. that says something about the society where we wouldth construct a model to get benefits rather than encourage a model or youtube site that encourages you to get off of the benefits. >> the worry to me is there's a washington post news poll saying over half of americans don't want entitlements like medicare, medicaid, and social security to be touched. neil: when asked in the aggregate to address spending, they say yes. >> you're right. i come from a country that's dealt with deficit reduction or trying to, and we know, understand, it's all about shared sacrifice, which is why car star you know bucks had a backlash in the u.k. because it was not paying corporate tax at all. americans need a shift, i guess, in the sensibility and change their minds, i guess, in the way british people had to. neil: not that you're out of the woods yet. >> not at all,. kneel noel i don't -- neil: i don't see the shift. even in the latest rumor fiscal cliff deal, more attention to how much taxes go up and who pays them, how
. the government is dictating to the market what can be brought to the market. for example, france, belgium, outlawed fracking. melissa: wow. >> in years to come they will be more dependent on imports of natural gas. japan in the wake of fukushima is now downgrading its nuclear industry. in the future it will be become more dependent on these resources. the united states is embracing these resources so we're the united states and canada, for that matter are moving towards energy independence, europe and parts of asia are --. melissa: moving towards being more dependent. the problem china is having with the water is something we were suffering from this summer in the drought as well. is there a solution for that coming down the road? is there a way for recycled water for fracking instead of drinking? s seems like somebody would fix that problem? >> again this is part of the environmental concerns and are fantastic being brought to the fore, the industry here in north america is coming greater scrutiny. this technology has been around for 30 years. it is proven to be safe, but the greater the
contract ends december 30th. still to come, my "2 cents more" on a celebrity shake-up in france. you will want to hear about that. the fiscal cliff takes aim at the housing market. will the root -- recovery disappear if we go over the edge? ♪ gerri: over the past year, house prices jumping significantly in major u.s. cities. ♪ gerri: well, with the fiscal cliff deadline fast approaching, my next guest says, falling of the fiscal cliff will have a devastating effect on the nation's housing market. consumer confidence would get hurt first which would impact demand. here with more, execuve vice president of carrington mortgage holdings. welcome back to the show. you say, the impact of going over the fscal cliff could be devastating. how so? >> the first casualty, as you mentioned, will be consumer confidence, and a l of what has built the housing market back up is increased demand. absent that demand, and that will be the first thing to get hit with consumer confidence, we start to see prices often which would sort of lead-housing market back into the pits. right after that, most ec
in a financial crisis and ms. lagarde, who heals from tax the rich, 75% france is lecturing america, very interesting. >> meanwhile, european markets are down and because the italian prime minister mario monti m a surprise. is going to resign. and silvio berlusconi wants to replace him. europe is appalled. and people blaming the recession for not having more children. 64 births for one thousand women of child bearing age. half of the peak of the baby boom in the 1950's. our next guest has six children, counts them. and what's that-- >> and naham segal. that works. >> have i got that word? >> and light tte candles. >> if you light them i will come. >> you have six children. >> as do you. >> leave me out of this. >> and others people say they can't afford it you're saying it doesn't matter if you can afford them or not. >> if the price tag of having a child scares you the most, you haven't done the right gut test. stuart: so, go ahead and have the children whether you can afford them or not. >> having children is the investment in the future. if we don't have children now and understanding
, french actor gerard depardu, he is leaving home, leaving france because of higher taxes and handed in his passport. now, the french prime minister has some choice words for mr. depardu. he's obviously in the happy with him and find out exactly what he said at ten o'clock eastern time this morning. time is money. 30 seconds, here is what else we've got for you, an in japan, again, a landslide win, so, what's the new prime minister going to do about the world's worst debt problem? print more money and stimulate more, too. build more infrastructure. will that work? we have our own resident japan expert. question, is jeff immelt's cozy relationship with the president costing general electric shareholders money? we will be discussing it. and i lost on friday when i questioned "the washington po " post's" claim that the senate would be better with more women. i'm not done debating that. more coming up on this program today. and we want to hear from you as well. send your e-mails to varney@foxbusiness.com and we read them on the air. and we read all of them, by the way. i've got news, clearwire
class of course, and i will even throw in a stopover in tax happy france. here is how piers morgan puts his threat to leave, quote, i can spare those americans who want me deported a lot of effort by saying this, if you don't change your gun laws to at least try to stop these relentless tidal waves of murderous carnage then you don't have to worry about deporting me. i'll have my take on piers morgan in our next hour or so. clearly, i've got a dog in this hunt, i am english, i'm an immigrant, et cetera, et cetera, and i've got a strong opinion on pierce morgan. let's go back to kelly jane, what do you think of piers, my good fellow. >> is anybody crying about this, is anybody worried that piers morgan is it going to leave? you know, i hate to be -- i hate to be snarky, but i think that people were very surprised when he got that slot after larry king in the first place and his show has been most successful in giving people things to laugh at the day after. stuart: ooh, that was good, kelly jane. that was really nasty. . [laughter] thank you very much indeed. >> i love the english, i lov
know what. stuart: he went on a cheese shopping trip just before he exited france and went to belgium. charles: france has better cheese, but belgium has them on the chocolate. stuart: dagen and connell, it is your turn. connell: stuart varney, ladies and gentlemen. good morning, everyone. i am connell mcshane. dagen is off. we will have the very latest on the fiscal cliff face up. home sales out of the basement meantime. we may have finally turned the corner and housing. how you can cash in. that is just ahead. it is looking like a white christmas in the midwest. the retailers are not celebrating this by any means. it is the intercontinental exchange. that is what ice means. nicole: i like that. they do not have a name yet. we had both ceos on the fox business at work earlier today. moving to a new annual high today. they are making the move. they are making this purchase. this is at a 38% premium. i have to tell you, traders are not so happy about it. all right. let's take a look at the dow jones industrial. the markets are pretty much mixed. not too far off that unchanged line. con
much indeed. >> try this one, gerard depardieu is leaving france over higher taxes while he's willing to let go of his passport not going to give you up the frommage, that would be the cheese. ♪ >> gerard depardieu is leaving france and moving to belgium, but he's taking cheese with him. yep, he was spotted in a paris cheese shop yesterday and depardieu moving to anew high-- avoid new higher taxes in france. . >> and i love he's had a quintuple bypass and he's buying cheese. stuart: wait a minute, i didn't know he had a quinn ttuple bypa. >> and someone exercises their rights as a citizenship and avoids higher taxes and i say it [speaking french] . stuart: i any comment, charles. charles: he paid 145 million euros in taxes. 145 million euros in taxes and amazing. >> over 45 years. stuart: wow. charles: and i mean, this is a job creator that they're chasing out this have country and by the way, you know what else is going on, and the children of the rich are shipped out. even the rich in spain, the children all of them are saying to their kids study and live abroad. their foundation
it is confident that the waterway will remain open. a new report says champagne sales in france are down nearly 5% from last year. despite the weak sales, france still consumed the most to give more than 170 million bottles in the last year alone. that is the latest from the fox business network. giving you the power to prosper. ♪ with fidelity's new options platform, we've completely integrated every step of the process, to get a list of equ. evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens and i helped create fidelity's options platform. it one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. dagen: pending home sales rising in november for a third straight month. now running at the highest level we have seen in two and a half years. will that continue? joining me now is anthony sanders. we have seen it all week and all the numbers lately. can it continue as we watch this fight go on down in defeat? >> the good news is, i think it can continue. just superlow inte
't want to become greece or france or one of these stagnant slow growth welfare states. think evidence is very clear that fiscal policy does matter for an economy's performance. doesn't mean we have a recession if taxes go up but it does mean that government will be bigger and our growth rate in the long run maybe instead of 2.7, it is 2.6. that doesn't sound like much but because of compounding it adds up. adam: dan, i don't think there is any danger we become greece or france in a lot of ways. we're not a socialist country yet and greece is a whole different ball of wax. rich, the discussion about the economy, the spending cuts that they're talking about do put people out of work and that would have a negative effect on the economy, would it not? >> it would, adam. real quick, a bit of news here. president obama will deliver a statement at 4:45, something i imagine we'll cover live here on fox business. adam: we will. >> 5:45 president obama deliver as statement here at the white house. as far as spending cuts are concerned, you see this argument, you typically hear republicans say,
to raise the debt ceiling. dennis: what is a few hundred billion between france? coming up on our all-star panel, stop dithering in washington and get a deal done? cheryl: there's more hope for housing recovery. the national cessation of home builders now with the latest survey showing home builder confidence at its highest level since april of 2006. joining me is the ceo of the n h b and a lot of analysts were looking for that 50 mark and the index breaking through and what happened? >> just like everybody else, our members are watching the fiscal cliff discussions and potential implications of raising taxes on small businesses, small-businesses the 70% of the everybody else we are holding our breath and hovering just below 50%. cheryl: what do you remember about the mortgage interest deduction? that is on the table in the fiscal cliff, and you worry about housing? >> absolutely. with this recovery in release stages we are concerned about anything that would kill the markets and raising taxes on small business, and when the signs are positive, just a little more cautious than we thou
? >> in france to an explanation how i got here. you can take michael's explanation there's all the material things but that is a leap of faith assuming there is only material things and nothing else. >> natalee buffet eighth but a level of confidence gained 500 years of science consistently finding causes of the fact to displace religion as the mechanism to explain. >> is in its assumption was that is all there is? >> because it works. >> god works. people believe because it works. john: they were ignorant with no other explanation for leaving. >> maybe for ancient man religious knowledge can progress. science says we can get smarter over time by religious people don't know the judge them from 10,000 years. john: religion doesn't change. >> there is the evolution to monotheism but what religious people learn from other knowledge. the bible says god made the universe and demand but does not say how. i can learn from evolution, the big bank it is to fill out. john: the bible says seven days but from the third 1/4 century christians believe that refers to the era. john: he has been on the topi
criteria doesn't necessarily scare you from countries that might be in recession or close to us like france or germany but as long as they do business in areas where people are spending money. >> that is a point that is often missed by investors. i have been understandably scared, moving into fixed-income but missing a lot of good return. liz: look at this chart, you will be scared, he has not been scared, talk about the ones you really have in here and you have names like heineken, experience, s&p, a lot here, carnival cruise based in part on u.k. and considered a foreign name. how do you pick a stock in which to invest? you are careful when you do this. >> what we are looking to do is to find long-term secular growth opportunities, the ones that are not so macroeconomics we've driven. we sort of like to call ourselves microeconomists and there are still pockets of growth. data is a great example, the company mentioned is part of the growth in the management of data scores. liz: you like the data and the clout and the u.s. company doing beautifully, telecom, luxury, what names in the luxur
think if it was france it would be perfect. with the style. i don't see a problem. >> i don't but i think that in advocating american business against european ambassadors who spend a consider an poke of theiportionof their time on it d someone in business themselves can be effective. neil: no doubt. we were talking about. joe kennedy, -- john kennedy's father got the ambassadorship to england to get off of fdr's back for helping him. so, i know how these are plumb assignmented and handed out like candy. but should and we have a better system for this? the same way we do say, we put cabinet officials through the grill, ambassadorships go through easily, except yours. >> it must have been because of my large contribution to george w. bush campaign. neil: you know what i mean. should there be some standards? >> well i think there are. i think that political appointees in both parties get a bad wrap, there are failures, they are the one that get the attention, but having people around the world who are sensitive to the president who put them there and can speak with authority when they
after microsoft in france that was a bigger case. but, i am thinking this more threatening to american companies, this is england saying, we're targeting just you. >> no, britain actually has chairmanship of g-8 next year. at end of day u.s. government, a trillion dollars in revenue, so they will look at loopholes in u.s., and internationally. neil: they will want to first cut loopholes there that would make it less attractive, if you are barack obama you should be rooting for this. that means less attractive for those company to do over there and stay here. >> u.k. prospects should be subject to u.k. corporate tax. neil: should you pair spending in other areas to adjust. >> spending is very much down in the u.k. that is the problem, that is the argument shared sacrifice. neil: what about the princess? >> i told jonathan hunt last week that i thought kate middleton is pregnant, i am pleased to be right. neil: she has very bad morning sickness. >> which is why it was revealed early, it was revealed 12 weeks, it is to be expected. the role of the roll wife to provide an heir and a spare
theater. i am melissa frances. lori: i am lori rothman. this is the real deal. no kabuki theater here. this takes the spotlight on capitol hill with the clock counting down, any chance plan a, b will pass in time? john boehner expected to speak about the cliff in 15 minutes, we will bring those compelling comments live. melissa: the national federation of independent business met with the president yesterday about the cliff. he will join us in a moment. american banks on guard for a new round of cyberattacks. your money could be at risk. we will talk to one cybersecurity expert who helps banks, stock exchanges or more protect themselves from attack. lori: a blockbuster deal for the intercontinental exchange, taking over the 200-year-old wall street institution in an $8 billion deal. charlie gasparino has new details. let's get updated on the markets, stocks belong. as we do every 15 minutes, we will check with nicole petallides. nicole: stock market bumping along not far off of the unchanged line so the dow industrials are up nine points worth a gain of 0.1%, the tech heavy nasdaq is
to france or the u.k.? the new rumbles of anna wintour as ambassador coming up next. melissa: more breaking news right now. disney and netflix reaching a multiyear catalog deal. netflix will be the exclusive u.s. subscription television service for first-run live action animated disney films. basically that means you have to go to netflix to get first crack at disney stuff and cartoons to is moms of course. you can see netflix's stock reacting. investors loving this news and the stock is rising substantially on that. you can see it is up there about 7%. thank you. that is little dark for me there. lori: good news for content on netflix. more choices. >>> internet giant yahoo! facing trouble south of the border. a potential judgement against it in a mexican court may cost billions. shibani joshi has the details for us. so the amount of this lawsuit is equivalent of what, like a third of yahoo!'s cash on hand? that is exorbitant. >> it is a huge chunk what a the company has in he bank and this is something investors will pay very close attention to obviously when the company is spending bill
growth. france for 40 years has grown numb to% real gdp and 8% unemployment. they think it is normal. the good news is america doesn't think it is normal and you have to keep pounding the table that this isn't normal. it is not good. so do i. the only way to get back up to good growth is to cut the size of the government. i still believe we have eight to ten years even on the crazy course we are on right now before we are anything like one of these european countries. this is still an amazingly powerful entrepreneurial place. i am betting on the entrepreneur and even though the government keeps making a mistake after mistake after mistake. >> i like the optimism but i have to disagree with you in terms of fourth quarter growwh. most economists say it we are doing ok now in the third quarter we did at least but the holiday quarter, the santa claus rally everybody spending money for the holidays but most economists save gdp will come down in the current quarter but you say it will go up. i don't know if i believe you. >> i think gdp will be weak in queue 4 probably under 1/2%. it could
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